ACCC stories

ACCAN and the ACCC have united to urge a complete overhaul of the TCP Code, citing fundamental shortcomings that leave Australian consumers inadequately protected.

The fourth edition of FinTech Australia's Open Banking Ecosystem Map shows a 165% rise in Consumer Data Right adoption, supported by Mastercard.

Australia Post research reveals 73% of Australians have encountered package delivery scams, urging the use of official apps for parcel tracking to thwart schemes.

Australia has entered the top ten origins for phishing attacks, with a 479.3% rise in hosted phishing content and losses amounting to AUD $26.1 million.

Frollo, Australia's Open Banking service provider, urges a collaborative strategy to enhance the data quality in the nation's Consumer Data Right framework, supporting superior financial outcomes.

AI-washing prompts ethical debates and legal challenges in corporate Australia, as companies risk fines for making false claims about their AI technology use.

Launtel secures a $5m Superloop contract for internet service enhancements, marking a significant expansion stride and a boost for Australia's NBN customers.

Aussies lost around $3.1bn in 2022 due to online scams, warns the Australian Competition and Consumer Commission and cloud security firm Akamai.

Waave, Quest Payment Systems and Chemist Warehouse team up to deliver Australia's first Open Banking checkout option.

Aussie IT firm CMTG warns of potential cybercrime increase during Christmas season due to rising online shopping habits.

Rise in AI technologies boosts Black Friday scam risk in Australia, with losses to fraud hitting $3.1bn in 2020.

The use of conversational tools demonstrates how threat actors are beginning to match their ingenuity with new-found precision and patience.

The Government has boosted its funding to combat online scams and fraud, as Australians have now lost almost AUD $200 million to scammers this year alone.

Australian Competition and Consumer Commission has recently vetoed Telstra and TPG's deal to share a network in Australia’s regional and rural areas.

The company says the agreement would provide significant benefits for customers through its 4G and 5G availability, infrastructure, RAN and coverage.

The Australian Competition and Consumer Commission has accepted a court-enforceable undertaking from Telstra to address competition concerns with Optus.

The ACCC has given Equinix the go-ahead to lead a joint renewable energy purchasing group for solar and wind electricity generation.

In total, Australians lost $176 million to scams in 2020, 23% higher than the previous year, with phishing the most reported type.

People aged over 65 are particularly vulnerable, making the most reports and losing more than $330,000 this year. That’s more than 60% of the current losses.

Data collection and monitoring enabled by the internet of things, combined with analytics and visualisation, can help SMEs manage their energy usage.